Stocks & Markets

Seoul stocks again at fresh peak ahead of U.S. big tech earnings

Asia / South Korea0 views1 min
Seoul stocks again at fresh peak ahead of U.S. big tech earnings

Seoul stocks closed at a new record high on Tuesday, boosted by anticipation over the earnings releases of major U.S. tech companies. The benchmark Korea Composite Stock Price Index (KOSPI) closed up 25.99 points to 6,641.02.

Seoul stocks reached a new record high on Tuesday. The Korea Composite Stock Price Index (KOSPI) closed up 25.99 points, or 0.39 percent, to 6,641.02. Trade volume was heavy at 1.1 billion shares worth 37.3 trillion won. Foreign and retail investors were net sellers, while institutional investors purchased a net 351.5 billion won. Large-cap shares traded mixed, with auto and battery shares leading gains. Hyundai Motor added 5.92 percent to 555,000 won, and Samsung SDI jumped 7.09 percent to 680,000 won. The Korean won fell against the U.S. dollar, quoted at 1,474.1 won as of 3:30 p.m.

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